Cloud Computing: Aspirin for Supply Chain Headaches
Common supply chain challenges faced by business today include order processing, fulfilment, and invoicing errors when dealing with customers and suppliers. This leads to unhappy customers and lost sales, manual and duplicate processes, and poor employee morale eventually resulting in high turnover. Cloud computing is the perfect medicine to get rid of these supply chain headaches. Cloud computing breaks down organizational silos and helps businesses collaborate better with their customers by establishing a common decision-making and information capturing framework. With cloud computing, business can shop, check product availability, compare competing offerings, request pricing either directly on their supplier’s order management system or on their own internal purchasing system and electronically integrate with suppliers’ order management systems. Improved supply chain visibility and inventory turns means better operational efficiency. Cloud computing is here and moving to the cloud offers significant financial benefits.